E-Mail 'Ten Reasons Foreign Exchanges Suck At a Bank' To A Friend

This may well be true for U.S. banks – they did cause their part of the worldwide financial crisis. But it’s not true for Canadian banks – not at all. I’m a preferred client and am not charged transfer fees or commissions on my exchanges – I can even do instant international money orders – something which I’ve learned is quite difficult to do with insular American banks which, if they do it at all, usually need three days just to “order in” the money because they outsource that service. My point is just that banking is not banking plain and simple. The business differs depending on what country you’re in. As we’ve seen from the crisis, too…